Common use of Term; Effectiveness Clause in Contracts

Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18, 2013 (the “Effective Date”) and shall continue until the first anniversary thereof (the “Initial Expiration Date”); provided, however, that the Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal to the other party at least 30 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall be “at will,” such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 3 contracts

Samples: Employment Agreement (Intelsat Global Holdings S.A.), Employment Agreement (Intelsat Global Holdings S.A.), Employment Agreement (Intelsat Global Holdings S.A.)

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Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18October 1, 2013 2011 (the “Effective Date”) and shall continue until the first anniversary thereof of the Effective Date (the “Initial Expiration Date”); provided, however, that the Executive’s employment such service period hereunder shall automatically renew for an additional period of one (1) year on the Initial Expiration Date and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal has provided to the other party a notice of termination of this agreement at least 30 ninety (90) days before in advance of the Initial Expiration Date or such applicable anniversary thereof, stating that the Company or Executive, as applicable, does not intend to renew this Agreement; provided, further, that the Executive’s employment under this Agreement may be terminated at any earlier time solely pursuant to the provisions of Section 45 hereof. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s employment hereunder following the Expiration Date. Executive also agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date or anniversary thereof (if applicable) notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall be “at will,” ”, such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 2 contracts

Samples: Employment Agreement (Harbinger Group Inc.), Employment Agreement (Harbinger Group Inc.)

Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18December 21, 2013 2015 (the “Effective Date”) and shall continue until the first anniversary thereof (the “Initial Expiration Date”); provided, however, that the Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal to the other party at least 30 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall be “at will,” such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 1 contract

Samples: Employment Agreement (Intelsat S.A.)

Term; Effectiveness. (a) The term of the This Agreement, and Executive’s employment under this Agreement shall commence as of hereunder, shall, subject to Section 13 below and further subject to and conditioned upon Executive’s continued employment with the Company in good standing through March 181, 2013 2025 (the “Effective Date”) ), commence on the Effective Date and shall continue until for a period of one (1) year following the first anniversary thereof Effective Date (the “Initial Expiration DateTerm”); provided, howeverunless earlier terminated in accordance with the terms of this Agreement. If not earlier terminated, the term of employment hereunder shall automatically be renewed for successive one (1)-year periods on each of (a) the first anniversary of the Effective Date and (b) on each successive anniversary of the Effective Date thereafter (each successive one (1)-year renewal term, together with the Initial Term, the “Term”), unless either party hereto provides written notice to the other, at least ninety (90) days prior to the end of the applicable Term, that it elects not to extend the Term, which notice shall be irrevocable (any such notice, a “Non-Renewal Notice”). Notwithstanding anything to the contrary in this Agreement, Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date hereunder is “at will” and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either may be terminated by the Company or the Executive provides written notice of non-renewal to the other party at least 30 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant for any reason or for no reason, with or without Cause (as defined below), subject to the provisions of Section 4. The period 1 of time from the Effective Date through the termination of this Agreement Standard Terms and the Executive’s employment hereunder pursuant to its terms is herein referred to Conditions attached as Exhibit A hereto (the “Term.Standard Terms and Conditions (b) The Executive agrees and acknowledges that). For clarity, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the if Executive’s employment with the Company terminates for any reason prior to the Effective Date, this Agreement (including without limitation the Standard Terms and Conditions) shall be “at will,” such not take effect and neither party hereto shall have any rights, interests or obligations hereunder, provided, however, that during the period of Executive’s continued employment with the Company may terminate prior to the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this AgreementEffective Date, the following terms, as used herein, terms and conditions of such employment shall have continue to be governed in all respects by the definitions set forth belowPrior Agreements until the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Match Group, Inc.)

Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18January 9, 2013 2018 (the “Effective Date”) and shall continue until the first anniversary thereof (the “Initial Expiration Date”); provided, however, that the Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal to the other party at least 30 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall continue to be “at will,” such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 1 contract

Samples: Employment Agreement (Intelsat S.A.)

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Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18June 3, 2013 2019 (the “Effective Date”) and shall continue until the first anniversary thereof (the “Initial Expiration Date”); provided, however, that the Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date and each one-year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal to the other party at least 30 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall be “at will,” such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 1 contract

Samples: Employment Agreement (Intelsat S.A.)

Term; Effectiveness. (a) The term of the Executive’s employment under this Agreement shall commence as of March 18, 2013 the “Closing Date” (as defined in the Securities Purchase Agreement) (the “Effective Date”) ), and shall continue until the first fifth anniversary thereof of the Effective Date (the “Initial Expiration Date”); provided, however, that the Executive’s employment shall automatically renew for an additional period of one year on the Initial Expiration Date and each one-one year anniversary of the Initial Expiration Date thereafter, unless and until either the Company or the Executive provides written notice of non-renewal to the other party at least 30 90 days before the Initial Expiration Date or such applicable anniversary thereof; provided, further, that the Executive’s employment under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and the Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term.” (b) The Executive agrees and acknowledges that, should the Executive and the Company mutually agree to continue the Executive’s employment for any period of time following the Initial Expiration Date notwithstanding the expiration or termination of this Agreement in accordance with its terms and without entering into a new written employment agreement, the Executive’s employment with the Company shall be “at will,” ”, such that the Company may terminate the Executive’s employment at any time, with or without reason and with or without notice, and the Executive may resign at any time, with or without reason and with or without notice. (c) [Intentionally Omitted.] (d) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below.

Appears in 1 contract

Samples: Employment Agreement (Camping World Holdings, Inc.)

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